9780470561089

Step-by-Step solutions are actual worked out problems to the questions at the end of each chapter that help you understand your homework and study for your exams. Chegg and eCampus are providing you two weeks absolutely free. 81% of students said using Step-by-Step solutions prepared them for their exams.

Questions About This Book?

Why should I rent this book?

Renting is easy, fast, and cheap! Renting from eCampus.com can save you hundreds of dollars compared to the cost of new or used books each semester. At the end of the semester, simply ship the book back to us with a free UPS shipping label! No need to worry about selling it back.

How do rental returns work?

Returning books is as easy as possible. As your rental due date approaches, we will email you several courtesy reminders. When you are ready to return, you can print a free UPS shipping label from our website at any time. Then, just return the book to your UPS driver or any staffed UPS location. You can even use the same box we shipped it in!

What version or edition is this?

This is the 11th edition with a publication date of 10/1/2011.

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any CDs, lab manuals, study guides, etc.

The Used copy of this book is not guaranteed to include any supplemental materials. Typically, only the book itself is included.

The Rental copy of this book is not guaranteed to include any supplemental materials. You may receive a brand new copy, but typically, only the book itself.

The eBook copy of this book is not guaranteed to include any supplemental materials. Typically only the book itself is included.

Summary

Kidwell's Financial Institutions 11th Edition presents a balanced introduction to the operation, mechanics, and structure of the U.S. financial system, emphasizing its institutions, markets, and financial instruments.#xA0; The text discusses complex topics in a clear and concise fashion with an emphasis on "Real World" data, and people and event boxes, as well as personal finance examples to help retain topical interest. Each author brings something unique to this new edition. David Kidwell, formerly Dean of the Carlson School of Business, is a gifted storyteller with a keen insight on what it takes to reach readers. He is also currently writing a Corporate Finance text and is Chair of the Finance department at Texas A&M University. David Whidbee is an Assoc. Dean at Washington State University. He has won numerous teaching and research awards.

Chapter 2 The Federal Reserve and Its PowersChapter PreviewLearning Objectives2.1 Origins of The Federal Reserve SystemPEOPLE & EVENTS: Free Banking and Wildcat Banks2.2 The Current Structure of The Fed2.3 Monetary Powers of the Board of Governors2.4 The Fed's Regulatory Powers2.5 Independence of The FedDo You Understand?2.6 The Fed's Balance SheetLearning by Doing 2.1: Computing a Bank's Excess Reserve Position2.7 The Fed's Role In Check Clearing2.8 Federal Reserve Tools of Monetary PolicyPEOPLE & EVENTS: A Contrast In Style: Greenspan versus BernankeLearning by Doing 2.2: Calculating a Bank's Reserve PositionSummary of Learning ObjectivesKey TermsQuestions and ProblemsInternet Exercise

Chapter 3 The Fed and Interest RatesChapter PreviewLearning Objectives3.1 Federal Reserve Control of The Money Supply3.2 The Fed's Influence on Interest Rates3.3 The Treasury Department and Fiscal PolicyDo You Understand?3.4 Goals of Monetary PolicyPEOPLE & EVENTS: The Fed as Lender of Last Resort: Preventing a Financial Panic3.5 The Fed and the EconomyPEOPLE & EVENTS: Black Monday3.6 Complications of Monetary Policy3.7 Anatomy of a Financial CrisisDo You Understand?Summary of Learning ObjectivesKey TermsQuestions and ProblemsInternet Exercise

Chapter 5 Bond Prices and Interest Rate RiskChapter PreviewLearning Objectives5.1 The Time Value of MoneyDo You Understand?5.2 Bond PricingPEOPLE & EVENTS: Rogue Trader Incurs Huge Financial Losses for French BankLearning by Doing 5.1: Calculating the Price of a Bond Using a Financial Calculator5.3 Bond YieldsLearning by Doing 5.2: Calculating the Yield to Maturity on a Bond Do You Understand?5.4 Important Bond Pricing Relationships5.5 Interest Rate Risk and DurationLearning by Doing 5.3: Calculating the Duration of a Bond PEOPLE & EVENTS: Betting the Farm on Interest Rates and LosingDo You Understand?Summary of Learning ObjectivesKey TermsQuestions and ProblemsInternet Exercise

Chapter 6 The Structure of Interest RatesChapter PreviewLearning Objectives6.1 The Term Structure of Interest RatesLearning by Doing 6.1: Using the Term Structure Formula to Calculate Implied Forward Rates Do You Understand?6.2 Default RiskPEOPLE & EVENTS: The Credit-Rating Club6.3 Tax TreatmentDo You Understand?6.4 Marketability6.5 Options of Debt SecuritiesDo You Understand?6.6 Behavior of Interest Rates over the Business CycleSummary of Learning ObjectivesKey TermsQuestions and ProblemsInternet Exercise

Chapter 8 Bond MarketsChapter PreviewLearning Objectives8.1 Functions of the Capital Markets8.2 U.S. Government and Agency SecuritiesPEOPLE & EVENTS: What Do Negative Yields on TIPS Tell Us?Do You Understand?8.3 State and Local Government Bonds8.4 Corporate BondsDo You Understand?8.5 Financial Guarantees8.6 Securitized Credit Instruments8.7 Financial Market Regulators8.8 Bond Markets Around the World Are Increasingly Linked8.9 The Impact of the 2007-2009 Financial Crisis on the Bond MarketsDo You Understand?Summary of Learning ObjectivesKey TermsQuestions and ProblemsInternet Exercise

Chapter 9 Mortgage MarketsChapter PreviewLearning Objectives9.1 The Unique Nature of Mortgage Markets9.2 Types of MortgagesDo You Understand?9.3 Mortgage QualifyingDo You Understand?9.4 Mortgage-backed SecuritiesLearning by Doing 9.1: Determining How Much Home You Can Buy9.5 Mortgage Prepayment RiskDo You Understand?9.6 Participants in the Mortgage MarketsPEOPLE & EVENTS: The Rise and Fall of Fannie and Freddie9.7 Relationship between Mortgage Markets and the Capital MarketsSummary of Learning ObjectivesKey TermsQuestions and ProblemsInternet Exercise

Chapter 14 International BankingChapter PreviewLearning Objectives14.1 Development of International Banking14.2 Regulation of Overseas Banking Activities14.3 Delivery of Overseas Banking ServicesPEOPLE & EVENTS: Credit Risk, Subprime Mortgage Crisis of 2007, and Challenges to the Banking SectorDo You Understand?14.4 International LendingDo You Understand?14.5 Foreign Banks in the United States14.6 Future Directions of International BankingSummary of Learning ObjectivesKey TermsQuestions and ProblemsInternet Exercise